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20121105
20121105
STATION
KQEH (PBS) 1
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inequality now suggest that inequity is higher in the united states than it is in egypt. at's quite a journey from where we were when i was growing up. >> right now i think it's where we're seeing the kindof better fruit of winner-take-all politics because the financial crisis was not an act ofcr god work of nature. it was bro ght oht by poor decisions that b were made in washington and on wall street. yes, there's a global dimension of this but a big part of it was failures of domestic policy. if you look to our northern neighbor, canada, it had nothing like the same definition banking crisis as the united states did and that's partly because it had much more effective regulations of the financial sector. you know over this period that we saw leverage and speculation increasing on wall street, washington, both democrats and republicans, were trying as hard as they could to allow wall street to do even more. >> so winner-take-all politics has produced a winner-take-all economy, right? >> yes. >> yes. >> and the winners are? >> the winners are those who've made out so well in this new economy.
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